Sec. 103. In this article, "consumer credit insurance" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include: (1) insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring debtors of the creditor; or (2) insurance indemnifying the creditor against loss due to the debtor's default. Formerly: Acts 1971, P.L.366, SEC.5. As amended by P.L.153-1986, SEC.2.
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